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20130313
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. and the other problem with patty murray's budge the, it never gets to balance. and paul ryan's budge net ten years, a fundamental difference with the kind of debt we as a nation continue to have. i was traveling around wyoming. we go to schools and students know we continue to borrow a lot of money every day just to stay ahead and a lot of the we're borrowing from china. >> paul ryan's budget balances in ten years because of the big chunk in the middle is killing obama care, which people have said i think recentasonably is going to happen. sure, it balances, but it's not going to happen. >> paul ryan's budget balances and spending increases every year under paul ryan's budget, it just doesn't increase as fast as the democrat's budget. the federal reserve came out with a report that talks about the impact of the health care law on the economy and on jobs. and it is hurting jobs. this is the federal reserve in their monthly report. talking about the bad impact of the health care law, because of the consequences within the law so businesses, due to the uncertainty, aren't hiring. when they do h
presidential election, mitt romney and paul ryan both told us that there were trillions of dollars of tax breaks for very wealthy people, they proposed to eliminate them as part of tax reform where they reduced the rate. we say, let's take some of that revenue to help reduce the deficit, combined with other targeted cuts. >> be more specific for me. when you talk about tax loopholes and the very wealthy. which specific loopholes and what is very wealthy? >> sure, sure, these are, when you're in the highest tax bracket, you're in the 39% tax bracket when you get a deduction, whatever it may be for, you get 39 cents worth of deduction. whereas somebody who is in the 28% tax bracket only gets 28 cents deduction for that particular deduction. so what we're saying and this is similar to a proposal the president's put forward, is that for folks who are in that very high bracket, the 39% bracket, the value of your deductions will be limited to about 28% which is what the value of deductions is for a middle income taxpayer. >> so ultimately, the budget that you have there and i just read the litt
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